Market Overview - Indian benchmark indices turned negative, with the Sensex down 50.28 points or 0.06% and the Nifty up 27 points or 0.10% [2][7] - The decline in Indian IT stocks was significant, reflecting a broader selloff in global technology shares [1][4] IT Sector Performance - Major IT stocks experienced substantial losses, with Infosys falling 8.05% to ₹1,522.70, TCS down 6.77% to ₹3,006.90, and Tech Mahindra declining 6.16% to ₹1,610.70 [3] - The overall market value of software stocks decreased by approximately $300 billion due to rising concerns ahead of earnings reports from major US tech firms [4] Supporting Sectors - Energy and infrastructure stocks showed positive performance, with Eicher Motors up 4.54% to ₹292.50 and ONGC climbing 4.18% to ₹267.75 [5] - The Nifty Midcap 100 and Nifty Smallcap 100 indices also reported gains, indicating some resilience in the broader market [6] Market Sentiment - Despite the selloff in IT stocks, market breadth remained positive with 2,445 advancing stocks against 1,534 declining stocks on the BSE [6] - Analysts expressed concerns that the recent market rally, driven by optimism around the India-US trade deal, may face challenges due to high valuations and ongoing weakness in global tech [7]